Increasing international competition is facing challenges in the domestic coatings industry

[China Epoxy Resin Industry Online] May 19, 2005: According to the latest research by the American Freedonia Consulting Company, the world's coating demand will continue to grow at an average annual growth rate of 3.
5% in the next two years, reaching 28.
2 million tons in 2007.
The average annual growth rate of the market value is 5%, and it will reach more than 83 billion US dollars in 2007.
At the same time, experts predict that the demand for coatings in the Asia-Pacific region will maintain rapid growth, with an average annual growth rate of 4.
5% before 2007, reaching 8.
9 million tons.
The Chinese market will become the main body of demand growth in the Asia-Pacific region, and has surpassed Japan to become the largest coating demand market in Asia.

However, under the growing demand for coatings in the world and fierce market competition, the Chinese coatings industry is also facing severe tests.